A mortgage? Man, I don't know. I think it is the worst way you can lock yourself into a life-time of debt, and for what? A house and a car? I have bigger plan. I want to live in 5 star hotels around the world drinking grappa barricata all day long. Or die trying.  I just had to quote this and hand out the newbie post of the month award. I don't know what grappa barricata is but welcome to the conversation newbie!  Hmm, a mortgage doesn't imply living in a house... just owning one. And as to those who want to pay off all debt, normally I'd agree. But if you could own 10x as much Bitcoin by keeping the 4% APR mortgage around, I'd say that probably has the better risk/reward ratio right now. |
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It's hilarious really. Folks are borrowing Bitcoins to sell (short) to holders, who are taking them off-exchange into cold storage. It will be hard to find cheap Bitcoins when the shorts have to cover.
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an interesting fact
in the last few days:
longs are down ~38.4% short are up ~43.7% price has dropped ~18%
so if longs are down and short are up , who the fuck is buying all the coins?
Willy 2.0 non leveraged true believers ( aka: investor not trader) bears are doomed. Your stats only include leveraged longs, correct? It doesn't include purchases made without margin. |
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GABI needs a low start price so they can make steller claims on fund performance.
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They don't start trading until 9/1.
Definately not worth grabbing some low hanging fruit with funds already accumulated. They may be restricted by the fact they already announced that date for first day of trading. |
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They don't start trading until 9/1.
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lol noobs.
I am an professional cryptotrader and i just went all in. ejoy being left behind y'allz!
Well, I can promise you one thing - we haven't hit a bottom. There is a total lack of volume. Like none. At all. Nothing about this looks like a reversal. Sure we could go up from here - to maybe the 490s best case scenario. But we sure as hell haven't capitulated. Maybe if we get up some real steam we could. But this is currently the lamest bounce in the history of bitcoin. you little FUDster you People need to understand that this isn't the bottom. Maybe buyers will come in at 440 and that'll be the bottom. But there is no bottom here. This is just sellers taking a breath. So, you flat? Got bids lined up at 440 and lower? |
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The market has a very negative tone. Yet here we are over $460. A year ago the same negative tone would have had us much, much lower. Higher bottoms is bullish.
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 The wind is blowing down. Buy some more kites. |
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Some moments are for increasing the fiat value of your coins. Some moments are for increasing the number of your coins. This is the latter. These are the days that will define the winners and the losers, the millionaires and the whiners, the successful and the failures. Choose your future now.
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We say you have a short year on your planet.
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It never fails to amuse when people fall for the bear trap before the next bubble. Human psychology can be very predictable.
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Noone is interested in yet another currency controlled by central banks. They've got plenty of fiat currencies already. I see nothing interesting in Ripple.
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Just because you want to short, and you have the margin to do so, that doesn't mean you can. There must also be Bitcoin available for you to borrow before you can sell it. Perhaps Bitfinex is having liquidity issues. Coinbase ran out of Bitcoins to offer their buyers recently. We may have a shortage on our hands.
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The majority on the poll were right.
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So far Bitcoin's adoption looks to continue its upward trend. The rate of adoption has been on a consistent daily rise again after hitting a local dip on 5/3/2014. As you can see, Bitcoin's price is heavily correlated with the Metcalfe's Law value of Unique Addresses ^2. I see no signs of this correlation changing, nor of adoption slowing. This implies a continuation of the exponential rise in Bitcoin's price.  Here is the chart zoomed into the right side of the chart for better analysis:  Edit: Updated 8/13/2014 with latest data. We continue to have higher lows on the Metcalfe data. First post updated with new data. Adoption increases. The price dump is thus not based on fundamental data, but more on speculation. |
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If done correctly, escrow fees will only be paid when there is a problem requiring the escrow entity to take action.
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Any chance of getting some updated data?  Here is the latest:  |
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Got your bids filled, Adam? We backed the train up just so you could hop on. It's not a fun trip without free beer the whole way.
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